Central bankers are preparing to cut interest rates, and are monitoring job data as they consider when and how much to lower them.
  • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
    5·
    4 months ago

    It’s one of the core contradictions. Keeping the rates high is a way to build out a reserve army of labour, but it’s also destroying the consumer market which underpins the whole system.